AMDD vs. SOXL

Last updated Jun 4, 2026

AMDD (Direxion Daily AMD Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. AMDD is actively managed, while SOXL is passively managed. Over the past year, AMDD returned -85.10% vs 1438.30% for SOXL. At a correlation of -0.75, they often move in opposite directions. AMDD charges 0.97%/yr vs 0.75%/yr for SOXL.

Performance

AMDD vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDD achieves a -67.83% return, which is significantly lower than SOXL's 567.48% return.

AMDD

• 1D: -4.47%
• 1M: -41.37%
• YTD: -67.83%
• 6M: -67.43%
• 1Y: -85.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMDD vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
AMDD Direxion Daily AMD Bear 1X Shares	-67.83%	-60.76%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	53.62%

Correlation

The correlation between AMDD and SOXL is -0.72, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.72
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	-0.75

The correlation between AMDD and SOXL has been stable across timeframes, ranging from -0.75 to -0.72 - a consistent structural relationship.

Return for Risk

AMDD vs. SOXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMDD

AMDD Risk / Return Rank: 0
AMDD Sharpe Ratio Rank: 0
AMDD Sortino Ratio Rank: 0
AMDD Omega Ratio Rank: 0
AMDD Calmar Ratio Rank: 0
AMDD Martin Ratio Rank: 1

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMDD vs. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AMDD	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-1.31	14.28	-15.60
Sortino ratio: Return per unit of downside risk	-3.04	5.17	-8.21
Omega ratio: Gain probability vs. loss probability	0.61	1.72	-1.11
Calmar ratio: Return relative to maximum drawdown	-1.00	33.47	-34.47
Martin ratio: Return relative to average drawdown	-1.62	114.79	-116.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDD vs. SOXL - Sharpe Ratio Comparison

The current AMDD Sharpe Ratio is -1.31, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of AMDD and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMDD	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.31	14.28	-15.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	0.52	-1.73

Drawdowns

AMDD vs. SOXL - Drawdown Comparison

The maximum AMDD drawdown since its inception was -90.88%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AMDD and SOXL.

Drawdown Indicators

	AMDD	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-90.88%	-90.46%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-85.34%	-43.47%	-41.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-90.88%	0.00%	-90.88%
Average Drawdown Average peak-to-trough decline	-56.26%	-35.01%	-21.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.65%	12.65%	+40.00%

Volatility

AMDD vs. SOXL - Volatility Comparison

The current volatility for Direxion Daily AMD Bear 1X Shares (AMDD) is 27.50%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that AMDD experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDD	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.50%	40.82%	-13.32%
Volatility (6M) Calculated over the trailing 6-month period	48.96%	81.29%	-32.33%
Volatility (1Y) Calculated over the trailing 1-year period	64.96%	102.11%	-37.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.71%	107.25%	-41.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.71%	99.04%	-33.33%

AMDD vs. SOXL - Expense Ratio Comparison

AMDD has a 0.97% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

AMDD vs. SOXL - Dividend Comparison

AMDD's dividend yield for the trailing twelve months is around 18.24%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AMDD Direxion Daily AMD Bear 1X Shares	18.24%	5.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both AMDD and SOXL in my portfolio?

AMDD and SOXL have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDD or SOXL?

SOXL has higher volatility (40.82%) compared to AMDD (27.50%). In terms of maximum drawdown, AMDD dropped -90.88% vs SOXL's -90.46%.

Which ETF is better, AMDD or SOXL?

On 1-year performance, SOXL leads with 1438.30% vs -85.10% for AMDD. On fees, SOXL is cheaper at 0.75% per year. On volatility, AMDD has been the lower-risk option at 27.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDD or SOXL?

Over the 1-year period, SOXL has performed better with a 1438.30% return vs -85.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDD or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.97% for AMDD.

Which ETF pays a higher dividend yield, AMDD or SOXL?

AMDD has the higher dividend yield at 18.24%, compared with 0.03% for SOXL.

What is the main difference between AMDD and SOXL?

AMDD is categorized as Inverse Equities, while SOXL is Leveraged Equities. Their fees differ too: 0.97% for AMDD and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs -1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.